Jacksonville To Mine Hotel Taxes For $63M Stadium Upgrade

Law360, Miami (October 2, 2013, 7:30 PM EDT) -- Jacksonville, Fla., Mayor Alvin Brown announced Wednesday that the city plans to use revenue from its hotel bed tax to pay its share of $63 million in improvements slated for EverBank Field, home of the Jaguars NFL team.

Under the funding plan, which requires City Council approval, the Jaguars will provide $20 million and the city will contribute $43 million from funds generated by its 6-cent tax on hotel guests. If all goes according to plan, football fans could be watching replays next season on new...